All About Colorado’s Real Estate Market
Boosting the real estate boom in Steamboat Springs, a gondola will be added to encourage a “walk not drive” atmosphere. It was recently announced that a gondola will link the Wildhorse Meadows real estate and commercial propertiesto the ski area .
The Wildhorse Meadows plan has a large residential real estate component and has an existing commercial complex. Construction is expected to be completed before the 2009-2010 ski season.
A report conducted by the University of Colorado at Colorado Springs and the Center for Colorado Policy Studies found that based on 2005 data more than 65,000 people work directly in the real estate industry, and that 242,000 are indirectly working for/with the sector. In 2005, 11 percent of the total income in Colorado ($16.5 billion) was earned be real estate industry workers.
A note of interest, this study uses data about 2 years old, and data that was in effect while the market was still hot. It would be interesting to see how this data compares to 2007 data.